this post was submitted on 15 Aug 2023
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Personal Finance - UK

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BBC News - UK wages grow at record rate (www.bbc.co.uk)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 1 year ago

Strong pay growth means the Bank of England could raise interest rates again in September, from the current rate of 5.25%.

The jobless rate rose from 4% to 4.2%, while the number of people in employment ticked lower.

Good to see the worst off will be hit the most as always.